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90 Day Notice Cash ISA

This account is suitable for you if you have £500 or more to save that you are not likely to need in the next 90 days and would like to earn tax-free interest on that money.

This account is not suitable for you if you have already subscribed to a Cash ISA in this tax year. It is not suitable for you if you have less than £500 to save or if there is a chance you may need withdraw your money without giving the required notice as this carries a penalty.

3.90% Gross /AER
Postcode Restricted
Yes Subject to 90 days' notice
Minimum Investment

About this account

What is the interest rate?

This account offers Tax Free*** variable rates of interest, as follows:

Minimum Balance ANNUAL Gross* INTEREST AER**
£500 3.90% 3.90%
Can Hinckley & Rugby Building Society change the interest rate?

We may change interest rates at any time if we reasonably believe that the change is needed, for any of the reasons outlined in the Savings Account Terms and Conditions booklet, Condition 7.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Based on an initial deposit of £1,000.00, after a 12 month period the estimated balance would be £1,039.00.

These figures are provided for illustrative purposes only and assume that no further deposits or withdrawals are made and there is no change in interest rate. They do not take into account your individual circumstances.

How do I open and manage my account?

Savers must be 16 or over to open a Cash ISA and must be resident in the UK for tax purposes. The account cannot be a joint account nor can it be held on behalf of a person other than the account holder.

This account can be opened and managed by post or at any of our branches and agencies. Complete the application form and the declarations and consents. Take the completed documents and your deposit to one of our branches or agencies, or post them to us at the address in this document. Please make cheques payable to the account holder.

Please note, the minimum deposit must be credited to your account within 5 working days of the account being opened. If you fail to do so, you will be required to restart the application process.

The minimum deposit required to open an account is £500. You may deposit funds up to an annual ISA allowance each tax year, depending on any deposits you may have paid into a Stocks and Shares ISA, an Innovative Finance ISA or a Lifetime ISA. The annual ISA subscription limit in this tax year is £20,000.

Can I withdraw money?

Offers penalty free access to your savings, subject to a 90 day notice period.

You are required to give 90 days’ notice in writing, by telephone or at a branch or agency. Withdrawals must be made within 14 days of the notice period becoming effective.

Should you need immediate access to your funds, a withdrawal can be made subject to 90 days’ loss of interest on the amount withdrawn.

Subject to the conditions set out above, money can be paid out against a cheque from the start of the sixth business day following the day of deposit.

Business day means a day other than a Saturday, Sunday or Bank Holiday. Funds are available for immediate withdrawal for all other types of deposit.

All withdrawals are subject to branch and agency limits. The cash withdrawal limit is £500 per day. Withdrawals have no effect on subscription limits. Once the limit has been reached for the tax year, savers may make no further subscriptions regardless of withdrawals.

Subject to ISA terms and conditions you may close your ISA at any time without loss of tax exemptions.

Additional information

Interest is paid gross without tax deducted.

* Gross rate – the annual rate of interest to be paid on a savings account without any deduction being made in respect of personal Income Tax liability.

** AER – stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once a year.

*** Tax Free Savings – contractual rate of interest payable when the interest is exempt from tax.

Additional terms and conditions
  1. The account must be in your own name and not be held for the benefit of anyone else, including being used as security for a loan.
  2. The Society will satisfy ourselves that anyone we delegate our functions and responsibilities to under the terms agreed is competent to carry them out.
  3. An ISA begins from the date the subscription is made, provided there is a valid application in place. This means that applications may be accepted before the tax year in which subscriptions can be made.
  4. You may decide not to proceed with the ISA contract within 14 calendar days (excluding public holidays) of the receipt by the Society of the application to open this ISA account. Any decision to close your account within this period should be notified to us in writing to our Principal Office. In these circumstances we will return the full amount of your outstanding capital together with any interest earned with no additional charges incurred. You will then be free to subscribe to another ISA in the same tax year.
  5. The application to open a 90 Day Notice Cash ISA account remains valid for subscriptions made in the next and consecutive years. However, where a break between subscriptions lasts for a whole tax year then a fresh application must be made before subscriptions recommence.
  6. The Society will notify you if, by reason of any failure to satisfy the provisions of the ISA Regulations, your 90 Day Notice Cash ISA has, or will, become void.
  7. At your request, your 90 Day Notice Cash ISA, with all rights and obligations, may be transferred in full or in part to another ISA manager subject to 90 days’ notice or immediately with a 90 days’ loss of interest on the amount transferred. You must make a Transfer Application to the new ISA manager and the Society will send the funds and accompanying information to the new ISA manager within 5 business days of receipt of both the transfer instructions and the consent notice from the new ISA manager. Business day means a day other than a Saturday, Sunday or Bank Holiday
  8. At your request, and within the number of days stipulated by you, all or part of the cash deposits held in your 90 Day Notice Cash ISA, together with any interest earned, shall be transferred or paid to you. However, the period stipulated by you in your withdrawal instructions must not be less than 5 business days in order to allow the Society a reasonable period for practical implementation of your withdrawal request. We will normally process withdrawal instructions on the day we receive them but we guarantee that they will be processed within 5 business days. The Society will endeavour to conduct all transactions promptly and all correspondence is sent by first class post. In unforeseen circumstances, such as postal delays, the Society cannot be held responsible.

This is a Cash ISA. You must not subscribe more than £20,000 in total to a Cash ISA, a Stocks and Shares ISA, an Innovative Finance ISA or a Lifetime ISA in the same tax year.

You must not subscribe to another Cash ISA in the same tax year that you subscribe to this 90 Day Notice Cash ISA.

Where current year subscriptions are being transferred from a Cash ISA to a Stocks and Shares ISA, an Innovative Finance ISA or a Lifetime ISA, the current year subscriptions are transferred in whole (in the case of a transfer to a Lifetime ISA, subscriptions must not exceed the payment limit). This means that you are regarded as never having subscribed to the Cash ISA. Within the overall subscription limit, therefore, you may subscribe to a Cash ISA later in the current year (with the same or a different ISA manager).

We ask for an initial deposit of at least £500. Because of this requirement the Hinckley & Rugby’s 90 Day Notice Cash ISA does not meet the minimum standards for the deposit-based stakeholder product

Key Facts

The Financial Conduct Authority is a financial services regulator. It requires us, Hinckley & Rugby Building Society, to give you this important information to help you decide whether our 90 Day Notice Cash ISA is right for you. You should read this document carefully so that you understand what you are buying and then keep it safe for future reference.

Cash ISAs

Individual Savings Accounts (ISAs) were designed by the Government and were introduced in April 1999. All income and gains from ISA savings are exempt from UK income tax and capital gains tax in the hands of the saver. Further details on how ISAs work can be found on the Government website at gov.uk/individual-savings-accounts/

To open a Hinckley & Rugby 5 Year Fixed Rate Cash ISA Account you will need a minimum of £500. The maximum you can invest in a tax year is £20,000. If you do not put in the maximum allowed in any tax year then you will not be able to make up the balance in another tax year.

Savers must be 16 or over to open a Cash ISA and must be resident in the UK for tax purposes. For eligible savers aged 18 or over the annual ISA subscription limit in this tax year is £20,000. The limit for savers aged 16 and 17 (who can only subscribe to a Cash ISA) is £20,000. Up to £20,000 of the allowance can be saved in a Cash ISA with Hinckley & Rugby or split between a Cash ISA, a Stocks and Shares ISA (with another provider), an Innovative Finance ISA (with another provider) and a Lifetime ISA (with another provider). We do not offer Stocks and Shares ISAs, Innovative Finance ISAs or Lifetime ISAs. Alternatively, the full £20,000 can be invested in a Stocks and Shares ISA or an Innovative Finance ISA with another provider.

The Society only accepts subscriptions into one Cash ISA account in one tax year.

Interest is paid annually on 5 April or on closure.


  • Transfers in

At the time of opening you may add existing Hinckley & Rugby ISA funds.

Hinckley & Rugby Building Society does not accept the transfer of ISAs from other savings organisations.

  • Transfers Out

See additional Terms and Conditions No 7.

Deposit guarantee scheme

Hinckley & Rugby Building Society is covered by the Deposit Guarantee Scheme. Please ask for a copy of our Deposit Guarantee Scheme Information Leaflet for full details.

How to complain

Whilst we hope we can resolve any problems through our own complaints procedure, we are also a member of the Financial
Ombudsman Service, details of which will be provided on request from any of our branches or from Head Office. Details are also available on our website at hrbs.co.uk. We will respond to your initial complaint promptly (no later than 5 business days from receipt) and will endeavour to send a final response within 4 weeks of receipt of your complaint. If the complaint takes longer to investigate we will send a final response within 8 weeks of receipt of your complaint. In the unlikely event that we are unable to provide you with a final response within 8 weeks, we will write to you explaining why and advise you when you can expect a final response.

Identification Requirements

We need to confirm the identity of every customer who applies for an account with the Society. We do this to protect you against the risk of identity fraud and to comply with money laundering regulations.

We use an electronic verification system when you open a savings account. If this is successful, you will not need to do anything. However, in certain cases you will be asked to provide additional proof of identity (for example if you are not listed on the electoral roll or you have recently moved house).

If you are required to provide additional identification, you must supply two items acceptable to the Society to verify your name and address. The Society will be unable to open your account until we have completed identification procedures.

If you think you will need to provide identification, please see our website for details of acceptable documentation www.hrbs.co.uk/proving-your identity or contact us to discuss.


We will need to see either your birth certificate or passport, and a document confirming your address. This could be a bank statement or utility bill and can be in the name of a parent or guardian living at the same address if not available in your name. These documents need to be originals, not photocopies, and they will be returned to you as quickly as possible.

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Applying for an account

Complete the form below to request an application form which you can download and print.

Savings Application Form – ISA
e.g. Mr/Mrs/Ms
e.g. Joe
e.g. Smith
e.g. example@example.com
e.g. 07123456789
Documentation and terms confirmation

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